4.Fill the details required such form except signature of the concerned person.
5.This stamped duty pay with Form-5 filed with concerned ROC along with altered MOA and AOA.
6.Pay the ROC fee with concerned ROC.
7.After approval of Form-5 from ROC make necessary changes in MOA and AOA and in all other papers and documents.
If you are increasing Authorised Capital by Special Resolution or also change in Article of Association it is required to file Form 23 with concerned ROC within 30 days from the date of passing such resolution.
RESOLVED THAT pursuant to provisions of sections 94, 97 and other applicable provisions, if any, of the Companies Act, 1956, the Authorised Share Capital of the company be and is hereby increased from Rs. 5,00,000 (Rupees Five Lacs only) divided into 50,000 (Fifty Thousand) Equity Shares of Rs. 10 (Rupees Ten Only) each to Rs. 12,00,000 (Rupees Twelve Lakhs only) by creation of 70,000 (Seventy Thousand) Equity Shares of Rs. 10 (Rupees Ten only) each, with a power of company to increase, reduce or modify the capital and to divide all or any of the shares in the capital of the company, for the time being, and to classify and reclassify such shares from shares of one class into shares of other class or classes and to attach thereto respectively such preferential, deferred, qualified or other special rights, privileges, conditions or restrictions as may be determined by the company in accordance with the Articles of Association of the company and to vary, modify or abrogate any such rights, privileges, conditions or restrictions, in such manner and by such persons as may, for the time being, be permitted under the provisions of the Articles of Association of the company or legislative provisions for the time being in force in that behalf.
can u please tell me in case of increase in paid up capital, whether an ordinary resolution is required or a special resolution?
Company Secretary and Compliance Officer
[ Scorecard : 104363]
Posted On 14 May 2012 at 12:54
In case of increase in paid up capital, you have to allot new shares to new or existing allottees by passing a board resolution only.
For allotment of new shares for increase in paid up capital, ordinary resolution or special resolution not required. Ordinary resolution or special resolution is a subject matter of shareholders meeting and not of board meeting.
In Private Limited Company the Paid up capital of the company is increased and new Equity Shares has been Issued to the existing sharesholders of the Company. Now , Do we need to pay stamp duty on the New issued Equity Shares ?